Elsight’s Rapid Growth Hinges on Execution Amid Rising Demand

Elsight’s Contract Win Signals Accelerated Growth

Elsight Limited (ASX – ELS), a specialist in connectivity solutions for unmanned systems, has announced a significant new contract valued at US$5.35 million with an established European defence original equipment manufacturer (OEM). This deal, set for delivery within calendar year 2025, is a key contributor to the company’s remarkable order book expansion this year.

With this latest agreement, Elsight’s total orders for 2025 have surged to US$23.3 million, representing more than a tenfold increase compared to the entire 2024 calendar year. This dramatic growth underscores the increasing adoption of Elsight’s flagship Halo platform, which provides robust, multi-link connectivity for drones and other unmanned systems.

Operational Momentum and Market Validation

Elsight’s operational throughput has also accelerated, with product deliveries in July and August alone surpassing the combined shipments of the first half of the year. This has brought year-to-date revenue to US$11.6 million, reflecting a significant step-change in both customer demand and the company’s ability to execute at scale.

Importantly, this momentum is broad-based, spanning multiple customers across defence and commercial sectors globally. The company’s CEO, Yoav Amitai, highlighted a shift from initial validation orders to full-scale operational deployments, with repeat orders becoming a regular feature. This pattern suggests a deepening and more embedded demand for Elsight’s connectivity solutions in unmanned operations.

Looking Ahead – Scaling Production and Market Presence

Elsight is actively engaged in discussions with several OEM partners regarding procurement plans for 2026, anticipating higher volumes and expanded mission profiles. The company’s scalable manufacturing model is designed to support annual production capacity exceeding US$70 million, with plans to ramp up to US$150 million in the second half of 2025.

Structural tailwinds such as rising global defence budgets and expanding commercial drone applications provide a supportive backdrop for Elsight’s growth trajectory. The company’s growing base of design-win customers entering ramp-up phases further strengthens its outlook.

Enhanced Market Visibility with ASX Index Inclusion

Adding to the positive momentum, Elsight will be included in the S&P/ASX All Ordinaries Index and the S&P/ASX All Technology Index effective September 22, 2025. This milestone is expected to increase the company’s visibility among institutional and retail investors, potentially broadening its shareholder base and enhancing liquidity.

Overall, Elsight’s recent contract wins, operational acceleration, and market recognition position it well for continued growth in the rapidly evolving unmanned systems connectivity sector.